Is Fomento Economico Mexicano SAB de CV FMX stock Halal to invest in?

No, as of September 2026, Fomento Economico Mexicano SAB de CV stock (FMX) is not currently classified as a Shariah compliant stock. This verdict follows the screening methodology of AAOIFI (the Accounting and Auditing Organization for Islamic Financial Institutions), whose Shariah Standard No. 21 is the leading global benchmark for screening Halal stocks. To qualify as Halal under this standard, a company must keep non-permissible income below 5% of total revenue, keep both interest-bearing investments and interest-bearing debt below 30% of market capitalisation, and have no impermissible preference share structure. Fomento Economico Mexicano SAB de CV currently does not meet the threshold for the non-permissible income and interest-bearing debt screens. Because screenings are refreshed monthly as new financial reports are published, a non-compliant stock can regain compliant status if its financial structure changes. You can track the latest status of Fomento Economico Mexicano SAB de CV and discover Shariah compliant alternatives among the Halal stocks in the Tabadulat app.

How often is Fomento Economico Mexicano SAB de CV FMX reviewed for Shariah compliance?

Tabadulat reviews Fomento Economico Mexicano SAB de CV FMX for Shariah compliance every month. Each review applies the AAOIFI Shariah Standard No. 21 methodology, screening the company's business activities, non-permissible income, interest-bearing investments, interest-bearing debt, and preference shares, against the company's latest available financial data. The process operates under the direct supervision of Tabadulat's dedicated Shariah Supervisory Board of Islamic finance scholars. Because compliance depends on financial ratios that move with market capitalisation and reported results, a stock's status can change from one review to the next. Monthly screening ensures the status shown for Fomento Economico Mexicano SAB de CV reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.

Does Fomento Economico Mexicano SAB de CV FMX pass the AAOIFI Non Permissible Income criteria?

No, as of September 2026, Fomento Economico Mexicano SAB de CV stock (FMX) does not pass the AAOIFI non-permissible income screen. Under AAOIFI Shariah Standard No. 21, income from impermissible sources (such as interest or Riba, conventional financial services, alcohol, gambling, or tobacco) must remain below 5% of a company's total revenue. Fomento Economico Mexicano SAB de CV's income from non-permissible sources currently exceeds this 5% ceiling, which makes the stock non-compliant on this criterion regardless of how it performs on the other screens. The screen is reassessed monthly, so the status can change when the company releases new financial statements.

Does Fomento Economico Mexicano SAB de CV FMX pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of September 2026, Fomento Economico Mexicano SAB de CV stock (FMX) passes the AAOIFI interest-bearing investments screen. Each month Tabadulat compares Fomento Economico Mexicano SAB de CV's holdings in interest-earning instruments, such as conventional deposits, bonds and treasury bills, against AAOIFI's 30% market capitalisation cap. The current screening shows the company inside the limit. Because the ratio is measured against market capitalisation, it can move with the share price as well as the balance sheet, which is why Tabadulat rescreens the stock every month.

Does Fomento Economico Mexicano SAB de CV FMX pass the AAOIFI Interest Bearing Debt criteria?

No, as of September 2026, Fomento Economico Mexicano SAB de CV stock (FMX) does not pass the AAOIFI interest-bearing debt screen. Under AAOIFI Shariah Standard No. 21, a company's borrowings that accrue interest (conventional bank loans, bonds and similar Riba-based financing) must remain below 30% of its market capitalisation. Fomento Economico Mexicano SAB de CV's interest-bearing debt currently exceeds this 30% limit, meaning the company relies on Riba-based financing beyond the level AAOIFI permits for a Halal investment. A company can return to compliance by reducing debt or through changes in market capitalisation, and the screen is reassessed monthly.

What is the dividend purification factor for Fomento Economico Mexicano SAB de CV FMX stock?

Fomento Economico Mexicano SAB de CV (FMX) is currently classified as not Shariah compliant, so no dividend purification factor applies, because purification factors are calculated only for stocks that pass the AAOIFI screens. Purification (Tazkiyah) is the practice of donating to charity the small portion of dividend income that stems from incidental non-permissible sources, such as interest earned on a compliant company's cash deposits. For non-compliant stocks the issue is not purification but eligibility: under AAOIFI Shariah Standard No. 21 the stock does not currently qualify as a Halal investment. If Fomento Economico Mexicano SAB de CV returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does Fomento Economico Mexicano SAB de CV FMX pass the AAOIFI Preference Share screen?

Yes, as of September 2026, Fomento Economico Mexicano SAB de CV stock (FMX) passes the AAOIFI preference share screen. AAOIFI Shariah Standard No. 21 prohibits investing in preference shares because they grant holders guaranteed or priority rights to dividends and capital ahead of ordinary shareholders, a structure that conflicts with the Shariah principle that investors should share profit and loss in proportion to their ownership. Fomento Economico Mexicano SAB de CV has no impermissible preference share structure affecting its ordinary shares, so the stock is compliant on this criterion. Like all AAOIFI screens, this is verified in each monthly review.

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Is Fomento Economico Mexicano SAB de CV (FMX) stock Halal?

NYSE

Shariah-Compliant

Not Shariah

September 2026 AAOIFI screening result for Fomento Economico Mexicano SAB de CV (FMX): non-permissible income, fail. Interest-bearing investments, pass. Interest-bearing debt, fail. Preference shares, pass. Fomento Economico Mexicano SAB de CV is not currently Shariah compliant. Re-screened monthly against AAOIFI Shariah Standard No. 21.

Sector:

Consumer Defensive

Industry:

Beverages - Brewers

Employees:

372621

Website:

https://www.femsa.com

Market cap:

P/E ratio:

Dividend yield:

52-week range:

Data as of:

Screening history:

September 2026: FAIL

Fomento Economico Mexicano SAB de CV represents a key player within the consumer staples sector, primarily functioning as an American Depositary Receipt of the Mexico-based company. Known for its significant presence in the territory of Latin America, Fomento Economico Mexicano, or FEMSA, operates in industries such as retail, beverages, and logistics. Before any of that matters to a Muslim investor, one question comes first: is Fomento Economico Mexicano SAB de CV stock Halal?

Is Fomento Economico Mexicano SAB de CV Shariah compliant?

Consumer staples companies like Fomento Economico Mexicano SAB de CV face the screening question at the shelf, not the balance sheet: does any revenue come from alcohol, tobacco or other impermissible lines? AAOIFI Shariah Standard No. 21 tolerates such income only below 5% of revenue, with the financial ratios checked behind it.

Does Fomento Economico Mexicano SAB de CV pass the business activity test?

The activity screen is only part of the picture this month: Fomento Economico Mexicano SAB de CV currently fails the non-permissible income and interest-bearing debt screens, so the overall verdict is not compliant regardless of the business itself. The watch item is the product mix: any alcohol, tobacco or similar lines count against the 5% ceiling.

Is Fomento Economico Mexicano SAB de CV's income Halal?

No. Fomento Economico Mexicano SAB de CV's income from impermissible sources currently exceeds AAOIFI's 5% revenue ceiling, which makes the stock non-compliant on this screen regardless of the others. The screen is reassessed monthly, so the status can change when new financial statements arrive.

Does Fomento Economico Mexicano SAB de CV meet AAOIFI's debt and investment ratio requirements?

Not in full. Interest bearing debt currently exceeds the 30% cap, while the other ratio stays within it. One breach is enough to fail the screening; the ratios are reassessed monthly under our Shariah Supervisory Board.

Tabadulat is an ADGM regulated brokerage whose license covers Shari'a Compliant Regulated Activities, as the FSRA permission names them. New to the terminology? Gharar and Maysir, Sukuk, Zakat and purification are all explained in plain English.

New to the four screens? Read What is Halal Investing? A Guide to Halal Stocks and Islamic Finance

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